Credit card

[cguidi77]

I have read somewhere that newcomers might have difficulties in getting a credit card from canadian banks. Is this true?

Thanks

 

[PMM]

Hi

I have read somewhere that newcomers might have difficulties in getting a credit card from canadian banks. Is this true?

Thanks

Yes as you would have no credit rating in Canada. To start, you may want to get a Dept. Store Card, or a secured card from a bank, where you deposit $xx.00 and you get a Card with the amount that you deposited as the limit. Eventually if you are a good boy and pay the bills, they will give you an unsecured card.

PMM

 

[anushauc]

http://scotiabank.com/mcben/cda/content/0,1679,CCDmcben_CID3311_LIDen_SID124_YID29,00.html

 

[shmuhahaha]

Will U.S credit history carry over to Canada?

 

[starzibal]

I have read somewhere that newcomers might have difficulties in getting a credit card from canadian banks. Is this true?

Thanks

capital one also gives newcomer a card, they charge $75 annually and card limit from $500-$1000. Also, try home trust, they also give newcomer card.

 

[starzibal]

Will U.S credit history carry over to Canada?

i guess so because when companies/bank pull your credit history, it shows everything you owe. i think USA credit history should show.

 

[cguidi77]

Thanks to all for your reply.

Chiara

 

[links18]

Canada and the United States have different credit reporting agencies governed by different laws. A Canadian creditor can only access your U.S. credit file if you give them specific permission to and then there may be legal issues regarding them denying you Canadian credit based on information contained in your U.S. credit report. At any rate, U.S. credit information should never appear on your Canadian credit file and vice versa. That would violate laws on both sides of the border.

 

[angelbrat]

Can anyone tell me if the credit rating scores from the UK show up on a Canadian credit report?

Is it the same for the UK as it is for America...different Credit Scoring rules??

I have a A+ Credit Score in the UK but no credit history in Canada at all, so hoping that the ratings can be cross referenced.

 

[nilsej]

I think Scotia is the best option as they have program tailor made for new immigrant and which might help to give u a unsecured credit card with manageable credit limit.

 

[qorax]

Hi

Yes as you would have no credit rating in Canada. To start, you may want to get a Dept. Store Card, or a secured card from a bank, where you deposit $xx.00 and you get a Card with the amount that you deposited as the limit. Eventually if you are a good boy and pay the bills, they will give you an unsecured card.

PMM

Dear PMM,

I was wondering -how is PC Financial?

Qorax